Switzerland: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Switzerland

In 2021, the Swiss market for iron or steel flat spiral or discs springs increased by 10% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a mild curtailment. Metal spiral or discs spring consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Flat Spiral or Discs Springs in Switzerland

In value terms, metal spiral or discs spring production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Switzerland

After five years of decline, shipments abroad of iron or steel flat spiral or discs springs increased by 26% to X tons in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring exports surged to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons), Germany (X tons) and Bulgaria (X tons) were the main destinations of metal spiral or discs spring exports from Switzerland, with a combined 69% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +44.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and France ($X) were the largest markets for metal spiral or discs spring exported from Switzerland worldwide, with a combined 52% share of total exports. Hungary, China, Bulgaria, the United States, Italy, Spain, Poland, India and Denmark lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Bulgaria, with a CAGR of +16.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, growing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2018 an increase of 18%. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Switzerland

In 2021, the amount of iron or steel flat spiral or discs springs imported into Switzerland skyrocketed to X tons, growing by 28% against the previous year. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal spiral or discs spring imports skyrocketed to $X in 2021. In general, imports saw slight growth. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest metal spiral or discs spring supplier to Switzerland, accounting for a 80% share of total imports. Moreover, metal spiral or discs spring imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. The UK (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.9% per year) and the UK (+26.0% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel flat spiral or discs springs to Switzerland, comprising 71% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by the UK, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.6% per year) and the UK (+16.3% per year).

Import Prices by Country

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2021, dropping by -2.1% against the previous year. Overall, the import price recorded a slight decrease. The pace of growth appeared the most rapid in 2013 an increase of 9.7% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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